On the strength of an increase in spending for the expansion of coal evacuation infrastructure, Coal India Ltd (CIL) reported a 33 percent increase in Capex at 7,027 crores for the first half of the current financial year compared to 5,300 crores in the same period last year. The two infrastructure components for coal evacuation,…
The supply of coal to electricity generating plants increased by 17.09 percent to 58.45 million tonnes in July due to a rise in power demand, the government data said. The government in the last few months has taken various measures to ensure the sufficient availability of coal for power stations. The total coal dispatch to power utilities…
The Coal Ministry has cancelled the mining leases of West Bengal Power Development Corporation, Monnet Ispat & Energy and staterun NTPC for delays in operationalizing coal blocks and missing production targets, Parliament was informed on Monday. The Ministry penalized a total of 45 companies for delays in commencing operations and missing production targets, according to…
Coal India Ltd (CIL) registered a 65% growth in capital expenditure at ₹3,034 crores during the first quarter (April-June) of the current financial year compared with ₹1,841 crores same period last year. The Stateowned miner, which had scaled up its capital expenditure to ₹14,834 crores for the year ended March 31, 2022, is likely to…
To tide over a possible shortfall in availability of coal during the following monsoon months, Coal India (CIL) has floated an global competitive bidding e-tender to import 2.416 million tonnes (mt) of coal. The import would be for July-September period of the current fiscal year, said a press statement issued by the company. CIL’s board…
National Miner Coal India Limited (CIL) has seen a 52.5% increase in its e-auction coal sales in the first two months of the current financial year. In a public statement, CIL said it had set aside 21.5 million tonnes under five auction windows. As demand for coal increased, CIL recorded an increase of 16% over…
Markets saw a negative day of trading, although broader markets gained momentum in the second half of trading. Bank Nifty cut the Nifty index by 0.2% and both indices closed குறைவாக 0.8% / 0.6% lower. Shares of Coal India, GAIL, NTPC, and PHEL added new long-term levels and saw a huge rise as the Nifty…
Indices rise further as positive pharma and metal stocks rise as auto stocks rise to boost overall performance. The BSE Sensex is currently trading at 49,525.29, up 318.82 points, or 0.65%. The Nifty 50 is currently trading at 14,943.95, up 120.80 points or 0.81%. The Nifty Bank was up 0.66% at 33,123.20 and the Mid…
